Once again Howard, it did make sense - thanks for clearing up the differences for me.

And on a final note for tonight, I have finally achieved SUCCESS!!
If you will allow me, I actually began this insanity in my post about the Wii Video Converter (also by Red). I had no luck in transferring large pieces of video with it, however. A couple of weeks went by and Red's team had developed the Media Center program for the Wii. I have been trying for a while now to see if I could make it work and finally got it all together about 15 - 20 minutes ago!
My whole issue with both was trying to see if one could transfer a large video file from the PC to the Wii for viewing as the Wii currently has no DVD features, etc. Well, after 3 hours of tinkering with my firewall and this program, I have finally converted a 45 minute video clip to FLV 4:3 format (it may be a bit blurry but full screen will be better at 16:9 (we have wide screen TV - why I did 4:3 is beyond me), and had it running through the Wii via the Media Center. No sound flubs, no real issues save the occasional hiccup while everything caught up...and I only saw that happen once.
It ain't blu-ray, and it does take about 15 minutes for a 1.5 GB piece of video footage in mpeg form...but it can be done. I think most satisfying for myself, I figured out the problems I was having this morning on my own!
If you are interested in trying this out, and haven't downloaded a recent version of Red's video converter for the Wii, you should do that first. I'm not sure when the latest version arrived, but about two - three weeks ago there was no FLV codec listed in the conversion process...and, with the Wii being a Flash drive, you most certainly will need the FLV converter program.
Again, thanks to Kane, and Howard for explaining things a bit and getting me started on the right track!